- Category: Deal Announcements
- Created: Wednesday, 05 August 2015 15:30
- Written by Craig Castelli
August 5, 2015
For Immediate Release
Caber Hill Advisors announced today that it advised Clean Team, Inc. in its purchase of Simpson Services. At the request of both parties, terms of the deal were not disclosed. Clean Team is a leading provider of cleaning and floor care to multi-tenant buildings, industrial facilities, medical facilities, and offices in Ohio, Michigan, and Indiana. The company is headquartered in Toledo, OH, and is using the acquisition as a platform in the Indianapolis market.
Peter Holton led the transaction for Caber Hill. By leveraging his vast network and market expertise, Mr. Holton created a quick, proprietary process for Clean Team and structured a deal that accomplished each party's objectives. The transaction closed on July 31, 2015.
Bob Armbruster, President of Clean Team, had this to say about working with Caber Hill: "I found your knowledge and skill instrumental piloting through the transition process. Buying and selling a business requires stepping through many land mines but you and your team know how to navigate to the other side safely."